Japanese Manufacturers’ Sentiment Seen Worsening as Yen Rises
This article is for subscribers only.
Japan’s largest manufacturers are becoming less optimistic about business conditions toward the end of the year as the yen’s advance threatens profits.
The same percentage of big manufacturers reported they are pessimistic about the fourth quarter as those saying they are optimistic, resulting in an index reading of zero, a government report showed in Tokyo today. For the three months to September the figure rose for the fifth quarter in a row, to 13.3 points from 10.